- Gold is headed for a third straight weekly gain after the US Treasury’s surprise buybacks of long-term debt knocked down yields and the dollar, boosting demand for safe havens.
- Bullion is up roughly 11% this month and trading near $4,530 an ounce, having held above the $4,000 support level since mid‑July.
- Treasury Secretary Scott Bessent may expand buybacks and will unveil a fiscal plan soon, but rising oil and inflation risks could temper gold’s rally.
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